Analysts Examine 'Phase One' Of US-China Trade Deal

Those in the agriculture sector are analyzing this week's 'phase one' signing of the US-China trade deal.

 

Jon Driedger is vice-president of LeftField Commodity Research.

 

"From an ag perspective, there had been some pretty lofty numbers thrown around about the volumes of ag purchases that China would make from the U.S.," he said. "I think there was probably some headscratching about whether those volumes would be realistic, since they exceeded anything that China had been purchasing previously. The actual deal that was signed had volumes that would be maybe described a little bit more realistic in terms of the amount of purchases but pretty sparse on the details."

 

Driedger commented on the prospect of moving U.S. soybeans back into China.